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Escada
Escada SE is a luxury women's designer clothing company headquartered in Munich, Germany. The company is owned by Regent, L.P., an international private equity firm led by investor Michael Reinstein. The company was founded in 1978 by designer Margaretha Ley. It currently retails fashion accessories and ready-to-wear. As of 2017, Escada SE operates in 80 countries with 600 points of sale worldwide. The luxury fashion label employs around 1,500 employees with international locations in Milan, Paris, Tokyo, London, Beverly Hills, and New York City. History Escada was founded in by Margaretha and Wolfgang Ley in Munich, Germany. Being a former model and having a solid education in tailoring from the Royal Court in Stockholm, Margaretha Ley became known for her bold, feminine designs. 1978 saw the first presentation of the Escada womenswear collection, which featured exquisite inlays and appliqués. The company soon stood out, with its distinctive creations featuring unusual comb ...
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Bruno Sälzer
Dr. Bruno Sälzer (born 28 June 1957) was the CEO of Escada, the international luxury fashion group. He was born into a solid farming family. He has always been interested in fashion more than fertiliser, and has been quoted in saying, "I can't explain this. There was no one in my family like this. I have checked back several generations." He is the father of four sons. Career Timeline: * 1986-1991: Director of International Sales Coordination, Beiersdorf * 1991-1995: Managing Director of Hairdressing International, Schwarzkopf * 1995-2008: CEO, Hugo Boss * 2008–2014: CEO, Escada * 2014–present: CEO, Bench Sälzer started out at Hugo Boss as one of the members of the managing board, but steadily worked his way up to CEO position. He was the first to introduce the womenswear line at Hugo Boss. He saw the company boost its income to €154m in 2007. During his time with the company, he described his management style as old-fashioned, he favored a system where you learn how t ...
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Badgley Mischka
Badgley Mischka is an American fashion label designed by Mark Badgley (born January 12, 1961 in East St. Louis, MO) and James Mischka (born December 23, 1960 in Burlington, WI). Their collections are said to be largely influenced by the style of the glamour of 1940s Hollywood while remaining simple and streamlined. History James Mischka began at Rice University as a biomedical engineering major and ultimately graduated with degrees in art history and managerial studies in 1985. Badgley and Mischka met at Parsons School of Design in Manhattan. The two launched the label Badgley Mischka in 1988, though their bridal business launched in 1996. In 1992, Badgley Mischka was acquired by Escada. In 2004, Escada sold Badgley Mischka to Candie's (later renamed Iconix Brand Group). In September 2006, Badgley Mischka announced that Sharon Stone would replace Mary-Kate and Ashley Olsen as the brand's spokesperson. In 2017, Iconix sold Badgley Mischka to Mark Badgley, James Mischka, and Ti ...
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Michael Reinstein
Michael A. Reinstein is an American businessman, lawyer, private equity executive and the founder and chairman of Regent, a global private equity firm. Early life Michael Reinstein was born in Los Angeles, California. He attended Southern Methodist University and graduated from the University of Southern California and Pepperdine University School of Law. He is a member of the State Bar of California. Career Reinstein is the founder and chairman of Regent, a multi-sector private equity firm. Reinstein started his career as an intern under former President Ronald Reagan and later worked at ICM Partners. He is currently the chairman of several Regent businesses, including Escada, La Senza, Sassoon, Regis Salons, Supercuts UK, Lillian Vernon and Sightline Media Group. He also serves as the Publisher of Regent's various newspaper, magazine and media properties including Sunset Magazine, Defense News, Army Times, Navy Times, Air Force Times, Marine Corps Times, Armed Forces Journa ...
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Lakshmi Mittal
Lakshmi Niwas Mittal (; born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the Executive Chairman of ArcelorMittal, the world's second largest steelmaking company, as well as Chairman of stainless steel manufacturer Aperam. Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers. In 2005, ''Forbes'' ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people. He was ranked the sixth-richest person in the world by ''Forbes'' in 2011, but dropped to 82nd place in March 2015. He is also the "57th-most powerful person" of the 72 individuals named in ''Forbes "Most Powerful People" list for 2015. His daughter Vanisha Mittal's wedding was the second-most expensive in recorded history. Mittal has been a member of the board of directors of Goldman Sachs since 2008. He sits on the World Stee ...
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Stefan Szczesny
Stefan Szczesny (born 9 April 1951) is a German painter, draughtsman, and sculptor. He is best known for co-founding the Neue Wilde movement in the early 1980s. Biography 1951–1994 Stefan Szczesny was born in Munich as the son of the philosopher and publisher Gerhard Szczesny and his wife Martha Meuffel, a theatre producer. Upon attending primary and secondary schools in Munich, he acquired his first training as a painter at a private art school in Munich (1967–69). From 1969 to 1975, he studied at the Academy of Fine Arts in Munich. His mentor there was the abstract painter Günter Fruhtrunk. During this time, he also attended lectures in art history and philosophy at Ludwig Maximilian University and worked as a freelance art critic. Under the influence of his mentor Fruhtrunk Szczesny experimented in these years with abstract and minimalist art. A major turn-about occurred in 1975–76, when Szczesny was in Paris on a scholarship of the German Academic Exchange Serv ...
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Todd Oldham
Todd Oldham (born Jacky Todd Oldham; October 22, 1961) is an American-born designer and president of L-7 Designs Inc and Todd Oldham Studios. His approach to fashion and style has become known to millions through his fashion lines, interior designs, books and by appearing in television shows. Oldham is based in New York City. Biography Early life Oldham was born Jacky Todd Oldham in Corpus Christi, Texas in 1961 to Jack and Linda Oldham. He has two sisters and one brother. At age 15, he designed his first dress when he stitched together some pillowcases. His father was a computer programmer and the family moved around due to his father’s job, including a four-year stint in Iran when Oldham was 12. He moved to Dallas, Texas, after graduating high school. His first job was in the alterations department at the Polo Ralph Lauren. He borrowed $50 from his parents, bought 41 yards of white cotton jersey, dyed it and put together a tiny collection that he sold to Neiman Marcus. Car ...
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Designer Clothing
Designer clothing is expensive luxury clothing considered to be high quality and haute couture for the general public, made by, or carrying the label of, a well-known fashion designer. Brands Designer clothing is not always created by the founder of the company. For example, the actual designer of Chanel is not its original founder and designer, Gabrielle Chanel, but French designer Virginie Viard. The quality of the clothing and degree of its resemblance, if any, to the designer's work vary considerably depending on the licensee and the terms of the agreement the designer has struck. Some terms may limit the number of garment styles that may be produced, allowing the designer to veto any designs he or she finds unappealing. Examples include: * Armani * Alexander Wang * Balenciaga * Balmain * Berluti * Bottega Veneta * Burberry * Calvin Klein * Chanel * Céline * Christian Louboutin * DSquared2 * Diesel * Dior * Dolce & Gabbana * DOMREBEL * Escada * Fendi * Givenchy * Gucci ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Wella
Wella AG is a German hair care company headquartered in Geneva, Switzerland. Founded in 1880 by Franz Ströher, it specialises in hair care, styling and colorants sold to individuals as well as hairdressers and was controlled by Procter & Gamble from 2003 until it was sold to Coty Inc. in 2015 along with some 40 other P&G brands. On December 1, 2020, Coty completed the sale of the Wella, Clairol, OPI and ghd brands stake to American private equity firm KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company. On October 1, 2021, Coty announced that it would sell an approximate 9% stake to KKR for $426.5 million. The deal reduces Coty's stake in the Wella, Clairol, OPI and ghd brands to around 30.6%. On November 8, 2021, Coty agreed to sell an approximate 4.7% stake in Wella to KKR in exchange for the redemption of approximately 56% of KKR's remaining convertible preferred shares in Coty. The deal reduces Coty's stake in Wella, Clairol, OPI and ghd to appr ...
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Gucci
Gucci (, ; ) is an Italian high-end luxury fashion house based in Florence, Italy. Its product lines include handbags, ready-to-wear, footwear, accessories, and home decoration; and it licenses its name and branding to Coty, Inc. for fragrance and cosmetics under the name Gucci Beauty. Gucci was founded in 1921 by Guccio Gucci (1881–1953) in Florence, Tuscany. Under the direction of Aldo Gucci (son of Guccio), Gucci became a worldwide-known brand, an icon of the Italian ''Dolce Vita''. Following family feuds during the 1980s, the Gucci family was entirely ousted from the capital of the company by 1993. After this crisis, the brand was revived with a provocative 'Porno Chic' props. In 1999, Gucci was acquired by the French conglomerate Pinault Printemps Redoute, which later became Kering. During the 2010s, Gucci became an iconic ' geek-chic' brand. In 2019, Gucci operated 487 stores for 17,157 employees, and generated €9.628 billion in sales (€8.2 billion in 2018). Marco ...
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Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company t ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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